Aneesh, a young entrepreneur, wishes to take his family business of designer fabrics to greater heights with the knowledge he has acquired at…

Aneesh, a young entrepreneur, wishes to take his family business of designer fabrics to greater heights with the knowledge he has acquired at ‘National Institute of Fabric Development’. His father gave him ₹ $\displaystyle 25$ lakh as a seed capital to start his own new product line under the family business.

Aneesh is venturing into leather and faux leather for which he needs to plan his business before he goes ahead with the execution. He knows that transformation of raw material into finished products takes place with the help of energy, capital, manpower and machinery. Further, he realised that manufacturing operations are highly complex and tedious, hence need to well planned.

Identify the component of business plan Aneesh is discussing about. Also state its objective.

Explain the three different options available before the venture.